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Time charter for Capesize dry bulk vessel

Published by , Editor
Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Olam International Limited, Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore.

The gross charter rate is US$56 000/d, minus a 4.75% commission paid to third parties, for a time charter trip duration of approximately 90 days. The charter commenced retroactively as of September 28, 2021. The m/v Baltimore was chartered, as previously announced, to Koch Shipping Pte. Ltd, Singapore, at a gross charter rate of US$13,000 per day, minus a 5% com-mission paid to third parties.

The Baltimore is a 177 243 DWT Capesize dry bulk vessel built in 2005.

The employment of Baltimore is anticipated to generate approximately US$5.04 million of gross revenue for the minimum scheduled period of the time charter.

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